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Federal Bank enters into partnership with Transfast Remittance LLC

07 May 2016 Evaluate

Federal Bank has entered into partnership with Transfast Remittance LLC for facilitating online inward remittance to India in rupees for NRI customers in the US. Transfast is a leading omni-channel provider of cross-border payment solutions to consumers around the world.

With this tie up, US- based NRI customers  would be able to transfer money instantly to their NRI account in India from their US bank account even by using debit/credit card. Customer can avail this service by downloading Transfast App in iOS/android mobiles or by creating an account on https://transfast.com/send-money-to-india.

With this facility, customers can choose from two products -- Fastrack and Value+. Fastrack enables credit within zero to 24 hours at a transfer fee of just $4.99. There is no transfer fee if the amount is $1,000 or more. In Value+, the credit will happen at higher exchange rate with no transfer fee, but with a delay of 3 to 5 business days.

Federal Bank is a major Indian commercial bank in the private sector headquartered at Aluva, Kerala having more than thousand branches and ATMs spread across different States in India.

Federal Bank Share Price

297.30 0.20 (0.07%)
08-May-2026 16:59 View Price Chart
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